Jan 20 2009
The Stock Market Would Like To Welcome President Obama
A glorious day for many in the United States. George W. Bush has left Washington D.C., and President Obama is here. The celebration was huge. The stock market also had a small gift for President Obama. The Dow fell 332 points, 4%. That is the worst presidential administration start ever, even topping when Johnson took over from Kennedy on the day of his assassination decades ago. I think that puts things in some perspective. The stocks dropped on the day the nation’s top leader was killed. What is the excuse this time? It is pure financial doom. Bank of America is in danger, much like Citibank was last year. President Obama really needs to hit the ground running. Enjoy this moment for only a moment, and start getting to work. This job is more than just prestige, especially now. Good luck, President Obama.
